Unisys struggles against a soft federal market

Unisys Corp. felt the effects of a weak federal marketplace, as it took a net loss of $11.6 million in the second quarter of 2011 compared to 2010, the company said on July 25.

Revenue in the quarter declined 10 percent to $937 million compared with $1.04 billion in the same quarter in 2010, according the company’s financial report.

Services revenue for the last three months declined 6 percent compared to 2010, primarily reflecting a $50 million decline in the company’s business with the government.

“Our second-quarter results were impacted by continued softness in the U.S. federal marketplace and lower sales of ClearPath systems,” said Ed Coleman, Unisys’ chairman and CEO.

The decline in sales of its ClearPath mainframe in the quarter followed growth last quarter and in 2010. Also, Unisys’ technology revenue declined 35 percent from the second quarter of 2010. Coleman said the company prefers to look at the ClearPath sales annually because of the fluctuations in quarterly sales.

Unisys, of Blue Bell, Pa., ranks No. 40 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.

About the Author

Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our July 12 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.